King Luther Capital Management Corp Buys 691 Shares of General Mills, Inc. (NYSE:GIS)

King Luther Capital Management Corp boosted its stake in shares of General Mills, Inc. (NYSE:GIS) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 126,135 shares of the company’s stock after buying an additional 691 shares during the quarter. King Luther Capital Management Corp’s holdings in General Mills were worth $7,979,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GIS. Rise Advisors LLC raised its stake in General Mills by 199.3% during the first quarter. Rise Advisors LLC now owns 410 shares of the company’s stock worth $29,000 after buying an additional 273 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of General Mills by 409.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 418 shares of the company’s stock valued at $29,000 after acquiring an additional 336 shares in the last quarter. Fortis Group Advisors LLC lifted its position in shares of General Mills by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 458 shares of the company’s stock valued at $30,000 after acquiring an additional 229 shares during the period. RFP Financial Group LLC boosted its stake in General Mills by 66.3% during the first quarter. RFP Financial Group LLC now owns 434 shares of the company’s stock worth $30,000 after acquiring an additional 173 shares in the last quarter. Finally, Perkins Coie Trust Co grew its holdings in General Mills by 769.2% in the first quarter. Perkins Coie Trust Co now owns 452 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Institutional investors own 75.71% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GIS. Evercore ISI dropped their price objective on shares of General Mills from $76.00 to $72.00 and set an “in-line” rating on the stock in a report on Friday, June 28th. Bank of America upped their price target on General Mills from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Wells Fargo & Company raised their price objective on General Mills from $67.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Citigroup upped their target price on General Mills from $68.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, Stifel Nicolaus lifted their price target on shares of General Mills from $70.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $72.73.

General Mills Stock Performance

Shares of GIS stock opened at $74.51 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.38. The firm has a 50-day moving average of $69.92 and a 200-day moving average of $68.51. General Mills, Inc. has a one year low of $60.33 and a one year high of $75.90. The company has a market cap of $41.59 billion, a P/E ratio of 17.29, a P/E/G ratio of 3.86 and a beta of 0.10.

General Mills (NYSE:GIS) last issued its quarterly earnings results on Wednesday, September 18th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. General Mills had a return on equity of 26.56% and a net margin of 12.57%. The company had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.80 billion. During the same period last year, the business posted $1.09 earnings per share. General Mills’s revenue was down 1.2% on a year-over-year basis. Equities research analysts forecast that General Mills, Inc. will post 4.5 EPS for the current fiscal year.

General Mills Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 10th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Wednesday, July 10th. This is an increase from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio (DPR) is 55.68%.

General Mills Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.